Investors Look to Other Countries as Wages Increase in China
China’s wages are increasing and the world is looking for another country able to manufacture goods at lower costs. India, Indonesia, the Philippines and Vietnam could all potentially take away manufacturing jobs from China. Investors are not only looking for countries offering low wages but also good infrastructure, and all four countries meet those requirements. Vietnam, for example, is already producing the bulk of Samsung’s electronics. India already leads the outsourcing market globally and is the second most populated country in the world. In the future, China will likely continue to lose ground in manufacturing outsourcing to other developing countries.
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